Hind Rectifiers Ltd Q1FY24 net profit at Rs. 1.89 crore

Hind Rectifiers Limited has reported Standalone financial results for the period ended June 30, 2023.

Financial Results (Q1 FY2024) - QoQ Comparison

The company has reported total income of Rs. 97.6406 crores during the period ended June 30, 2023 as compared to Rs. 111.7260 crores during the period ended March 31, 2023.

The company has posted net profit / (loss) of Rs. 1.8977 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs. -2.4551 crores for the period ended March 31, 2023.

The company has reported EPS of Rs. 1.10 for the period ended June 30, 2023 as compared to Rs. -1.48 for the period ended March 31, 2023.

Financials	Q1 FY2024	Q4 FY2023	% Change
Total Income	₹ 97.6406 crs	₹111.7260 crs	-12.61%
Net Profit	₹1.8977 crs	₹-2.4551 crs	177.30%
EPS	₹1.10	₹-1.48	174.32%

Financial Results (Q1 FY2024) - YoY Comparison

The company has reported total income of Rs. 97.6406 crores during the period ended June 30, 2023 as compared to Rs.72.6593 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs.1.8977 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs.-2.2708 crores for the period ended June 30, 2022.

The company has reported EPS of Rs.1.10 for the period ended June 30, 2023 as compared to Rs.-1.36 for the period ended June 30, 2022.

Financials	Q1 FY2024	Q1 FY2023	% Change
Total Income	₹ 97.6406 crs	₹72.6593 crs	34.38%
Net Profit	₹1.8977 crs	₹-2.2708 crs	183.57%
EPS	₹1.10	₹-1.36	180.88%

Shares of Hind Rectifiers Limited was last trading in BSE at Rs. 329.65 as compared to the previous close of Rs. 326.20. The total number of shares traded during the day was 4735 in over 70 trades.

The stock hit an intraday high of Rs. 341.90 and intraday low of 319.90. The net turnover during the day was Rs. 1559734.00.

Source : Equity Bulls

Keywords

HindRectifiers Q1FY24 ResultUpdate